According to data released by the Dubai Financial Market (DFM), brokerage firms there opened 26,596 new investor accounts during the first quarter of 2024, up 103% from 13,112 accounts in the same period in 2023. The market has experienced notable growth since the announcement of the listing of governmental and semi-governmental companies. Notably, Parkin’s recent listing has added to the...
The new DIFC law, which went into effect on March 8, defines the legal characteristics of digital assets as a form of property, outlining how they can be controlled, transferred, and dealt with by interested parties The Dubai International Financial Centre (DIFC) has enacted the world’s first comprehensive Digital Assets Law, a groundbreaking move that aims to provide legal certainty and...
According to a significant global power survey, the United Arab Emirates is the nation with the strongest and most stable economy and one of the world’s top “soft powers.” For the second year running, the United Arab Emirates (UAE) remains ranked 10th in the world’s Brand Finance Soft Power Index 2024, making it the only country in the Gulf to rank among the top 10. Eliza Jean Reid, the...
According to the highly anticipated Dubai Annual Property Market Report from online property platform Dubizzle, rents in the Dubai real estate market increased by as much as 66% last year. The research has identified significant trends in the city real estate market and strong demand supported by high rental yields. Primary data from site visits and user behavior collected by the top property...